Money Laundering

CRMIINAL DEFENSE & CIVIL LITIGATIONlaw firm in Pasadena

Money LaunderingFebruary 14, 2014Khalaf & Khalaf

Federal Money Laundering Attorneys

Pasadena Lawyer

Accusations of money laundering can devastate a business professional’s reputation or even diminish the professional standing of a corporation. Therefore, when facing allegations or charges for money laundering, it is essential to consult a defense lawyer who will commit the necessary resources to providing the most zealous defense representation possible.

Under federal law, all payments, gifts or other cash accepted in excess of $10,000 must be reported to the Internal Revenue Service (IRS) for tax purposes. The Money Laundering Control Act of 1986 makes it a federal crime to structure funds in a manner which deceives the federal government. Examples of money laundering (or “smurfing”) include:

Accepting funds/payment (in excess of $10,000) without reporting to the IRS

Structuring funds in a manner to avoid the $10,000 reporting requirement

Minimize Criminal Penalties and Asset Forfeiture

Money laundering is a serious offense with extremely severe penalties. In addition to facing criminal penalties such as incarceration, individuals convicted of money laundering will likely face asset forfeiture for any funds considered to be illegally laundered funds. In addition, any personal property believed to be purchased from the cash from an illegal enterprise, such as money laundering, may be seized by the government.

Pasadena criminal defense attorney Mark Khalaf uses his prosecution and law enforcement background to leverage a strong defense for his clients. He understands federal money laundering laws. He has the perseverance to analyze the evidence against clients from a defense perspective, pulling apart the prosecution’s weaknesses. He is prepared to provide clients with the most aggressive defense representation necessary to obtain the best result possible.